$BTC (1-ساعته): آیا رالی بهبود به پایان رسیده است؟
ColdBloodedCharter
مشخصات معامله
نوع معامله:
فروش
قیمت در زمان انتشار:
۶۲,۲۹۶.۰۹
توضیحات
CRYPTOCAP:BTC (1-hr): mini-rally after extreme oversold conditions hanging by a thread
Quick update, on Friday night I wrote that we're probably due for a few days of 'relief', meaning a small bounce higher, temporary because the main trend is down and accelerating.
Bitcoin did cool off over the weekend indeed, quickly reaching $64,250 on Sunday, yesterday it tried to break through but showed weakness and now we have a double top, which is usually a signal of a possible trend ending (a local one in this case).
What's important is that during the second attempt to reclaim that $64k area (the ATH from the previous bull market, an important level) volumes were already fading, that's another sign of weakness.
To finally risk saying that this mini-rally is over, I need to see a breakdown from the local range (orange box) to the downside, meaning the $62.2k level is on watch.
The target of a breakdown from the orange range (and from this double top) is $60.4k - $60.6k, and at that point the chances of continuation lower become very high.
The main support is obviously the round $60k level where the 200 MA on the weekly chart is located.
The 200 MA on the weekly chart is the most important moving average in technical analysis, institutions use it widely and Charlie Munger used to say that long-term buying of strong assets at the 200 WMA is a good long-term investing strategy.
The problem is that institutions are not interested in mass buying Bitcoin at this level right now, which can be seen in the attached chart showing continued capital outflows from ETFs.
That's why I'm not rushing into a second averaging entry at this level, I already did it once, according to plan, and now I'm moving my orders one level lower, slightly above $57,000.
Alright, ending this post because it looks like the breakdown might already be starting.
It's going to get interesting.
It's going to be fun.
👽💙
Quick update, on Friday night I wrote that we're probably due for a few days of 'relief', meaning a small bounce higher, temporary because the main trend is down and accelerating.
Bitcoin did cool off over the weekend indeed, quickly reaching $64,250 on Sunday, yesterday it tried to break through but showed weakness and now we have a double top, which is usually a signal of a possible trend ending (a local one in this case).
What's important is that during the second attempt to reclaim that $64k area (the ATH from the previous bull market, an important level) volumes were already fading, that's another sign of weakness.
To finally risk saying that this mini-rally is over, I need to see a breakdown from the local range (orange box) to the downside, meaning the $62.2k level is on watch.
The target of a breakdown from the orange range (and from this double top) is $60.4k - $60.6k, and at that point the chances of continuation lower become very high.
The main support is obviously the round $60k level where the 200 MA on the weekly chart is located.
The 200 MA on the weekly chart is the most important moving average in technical analysis, institutions use it widely and Charlie Munger used to say that long-term buying of strong assets at the 200 WMA is a good long-term investing strategy.
The problem is that institutions are not interested in mass buying Bitcoin at this level right now, which can be seen in the attached chart showing continued capital outflows from ETFs.
That's why I'm not rushing into a second averaging entry at this level, I already did it once, according to plan, and now I'm moving my orders one level lower, slightly above $57,000.
Alright, ending this post because it looks like the breakdown might already be starting.
It's going to get interesting.
It's going to be fun.
👽💙
دستیار هوشمند ارز دیجیتال
ترمینال ترید بایتیکل نرمافزار جامع ترید و سرمایهگذاری در بازار ارز دیجیتال است و امکاناتی مانند دورههای آموزشی ترید و سرمایهگذاری، تریدینگ ویو بدون محدودیت، هوش مصنوعی استراتژی ساز ترید، کلیه دادههای بازارهای مالی شامل دادههای اقتصاد کلان، تحلیل احساسات بازار، تکنیکال و آنچین، اتصال و مدیریت حساب صرافیها و تحلیلهای لحظهای را برای کاربران فراهم میکند.
